Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
VA loan
1 of 35
VA loan
$699,000

2813 Trevi Fountain Pl, Wake Forest, NC 27587

4 beds · 4 baths · 3,400 sqft

Nestled in the heart of the desirable Porto Fino neighborhood in Wake Forest, this exquisite home presents an unparalleled opportunity for luxurious living. As you step inside, your eyes are immediately drawn to the stunning NEWLY REFINISHED hardwood floors and woodwork throughout. Home is NEWLY REPAINTED throughout. Open to the spacious living room, the kitchen beckons with its granite countertops and custom-painted shaker cabinets; imagine culinary masterpieces crafted while guests and family gather around the large granite topped island. Stainless steel appliances harmoniously blend style with function—featuring a gas cooktop that promises effortless entertaining paired with a wall oven and microwave at your command. The kitchen features a large pantry and an additional Butler's Pantry, with granite counter and open shelving, providing for plenty of space. This beautiful home features multiple dining options. The formal dining room is enriched by detailed woodwork and an architecturally stunning trey ceiling. A less formal breakfast nook is located off the kitchen. A large living room presents detailed coffered ceilings and a direct vent gas log fireplace perfect for cozy nights at home. Located on the main floor, the spacious primary suite, features a trey ceiling elegantly framing the light with an artistry that feels both grand and intimate. Retreat to the opulent primary bathroom where separate dual vanities adorned with granite stand ready beside a sumptuous garden tub and large walk-in shower, upgraded with designer tile detailing featuring a serene bench for relaxation. The primary suite's walk-in-closet includes custom built shelving. This home doesn't just accommodate; it embraces you warmly with three additional guest bedrooms on the second floor. Two additional bathrooms are also located on the 2nd floor. Both feature a shower/tub combination, granite countertops and beautiful designer tile. Also located on the second floor, you'll find an airy bonus room, perfect for a second family room, game room or movie room as well as an office space. Discover potential galore above the garage in an unfinished room already configured for HVAC—the ultimate canvas awaiting your vision! The whole house is wired for gigabyte ethernet. Spend relaxing evenings on your screened back porch overlooking your fully fenced backyard. This Cul-de-Sac lot is beautifully landscaped. The garage comes with a Telsa Level II charger. This elegant home awaits its new owner!

Estimated
Seller's interest rate
4%
7%
Estimated
Principal & interest
$2,148/mo.
$2,862
You may also save up to $209,184 in total interest paid.
Listing price
$699,000

Your cash down payment
$297,583
Seller’s estimated current equity is $297,583
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $2,148 monthly payment

Financed
$401,416
Assumed mortgage 4% • Seller's rate
$401,416
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
3,400 sqft
Lot size
0.3 acres
Year built
2018
Type
Single Family Residence

Source: TRIANGLEMLS #10058803

Loan
Remaining term
24 years, 5 months
Rate
4%
Monthly P&I
$2,148
Remaining loan balance
$401,416

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.

Frequently asked questions

What is Roam?

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Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.

What is an assumable mortgage?

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An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.

Why is an assumable mortgage valuable?

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When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.

How can you find assumable mortgage listings?

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Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.

Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.

How do I qualify for an assumable mortgage?

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To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.

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Last updated: Dec 21, 2024 12:36 pm
Listing agent: Mike Tefft (919) 389-6807
Listing provided courtesy of: RE/MAX EXECUTIVE (919) 828-1830
Details provided by TRIANGLEMLS and may not match the public record.
MLS ID: #10058803
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Information Not Guaranteed. Copyright 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$2,148/mo
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